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Tidwell corporation issued a 4 percent stock dividend on

Tidwell Corporation issued a 4 percent stock dividend on 20,000 shares of its $10 par common stock. At the time of the dividend, the market value of the stock was $30 per share.

a. Compute the amount of the stock dividend

I attempted this problem and got the wrong answer. I have tried the amount of shares x the market value of the stock and got 600,000. Let me know how you got the correct answer.

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Accounting Basics: Tidwell corporation issued a 4 percent stock dividend on

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